Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who transacted in crypto actually declared those gains on their tax …
Tag:
Reserve
US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursday that seeks to acquire around 1 million Bitcoin over five years. The American Reserve Modernization …
- Crypto Education
Trump’s DOJ drops probe that stood in way of president’s pick to run Federal Reserve
by adminby adminPresident Donald Trump’s command of U.S. financial and economic policy may have taken a step closer now that his Department of Justice has backed down from an investigation of Federal Reserve Chair Jerome Powell, …
- Web3 Technology
Bitcoin Retreats Under $70K as IEA Weighs Historic Oil Reserve Release
by adminby adminIn brief Bitcoin is trading near $69,240 following an IEA proposal to release over 182 million barrels of oil to rein in prices. Surging oil prices elevate inflation concerns, potentially leading to higher interest …
- Altcoin Highlights
Bitcoin gains, oil pulls back from 25% spike as G7 discusses emergency reserve release
by adminby adminOil’s war rally just hit its first real obstacle. Tokenized crude futures on Hyperliquid’s CL-USDC contract fell sharply from a high of $118 to $102.83 on Monday after the Financial Times reported that G7 …
Kansas has become the latest U.S. state to explore a formal role for Bitcoin and digital assets in public finance, with lawmakers introducing legislation that would create a state-managed Bitcoin and Digital Assets Reserve …
When asked about the U.S. government’s approach to Bitcoin and recent BTC seizures, U.S. Treasury Secretary Scott Bessent re-affirmed that the administration will halt all sales of seized BTC and instead add it to …
Blockchain Research
Reserve assets face new test as sanctions risk pushes Bitcoin into policy debate
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by admin
A recent paper by the Bitcoin Policy Institute on Taiwan opens with a familiar argument that the country’s reserves are overconcentrated in dollars. Gold underperforms its potential, and Bitcoin could complement both. Readers who …
NFT & Metaverse
Vancouver Moves to Close Bitcoin Reserve Proposal After Legal Review
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In brief City staff have concluded the Vancouver Charter does not allow Bitcoin in city reserves. The motion followed a late 2024 decree by Mayor Ken Sim to study crypto use. Municipal finance rules …
Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance. “[Bitcoin] provides a check …
